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I am almost two years into a 4-year lease on my car. I am already certain that I will be buying the car at the end of lease term because I love the car and will also be so far over the allowed mileage that it would not make sense to turn the car back in and pay the penalty.

Since I already know I will be buying the car, I am simply throwing money away by continuing to lease instead of building equity. I would like to buy the car now for whatever its residual value is so my future payments will buy me equity in the car.

I have reviewed my lease agreement in detail and it does not appear to provide for this. In fact, it appears to me that I would be subject to all the early lease termination penalties if I took this course of action.

Has anyone out there ever been in a similar situation? Are leasing companies ever willing to do this? Any feedback is appreciated.
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